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An update from Reach Resources Limited ( (AU:RR1) ) is now available.
Reach Resources has reported strong initial metallurgical testwork from its Murchison South Gold Project, showing the ore is free-milling, relatively soft and amenable to conventional gravity and cyanide leach processing with high gold recoveries above 95%. The results, achieved under conditions aligned with nearby toll and ore-purchase facilities and using site water, indicate low reagent consumption, rapid leach kinetics, minimal grind sensitivity and favourable crushing and rheological characteristics, underpinning the potential for cost-effective third-party toll treatment and supporting ongoing evaluation of processing options.
The company engaged JT Metallurgical Services and Bureau Veritas Labs to design and execute a comprehensive program covering comminution, rheology, gravity and leach testing, as well as environmental and acid mine drainage work, using core and RC chip composites representing oxide, transitional and fresh ore. These outcomes provide technical confidence for planning early-stage production scenarios based on trucking ore to existing mills, although Reach stressed that its broader Scoping Study remains in progress and that no economic conclusions should yet be inferred from the metallurgical work alone.
The most recent analyst rating on (AU:RR1) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Reach Resources Limited stock, see the AU:RR1 Stock Forecast page.
More about Reach Resources Limited
Reach Resources Limited is an Australian exploration company focused on gold development, with its key asset being the Murchison South Gold Project in Western Australia. The company is advancing this project with an emphasis on leveraging existing regional processing infrastructure, including potential toll milling and ore-purchase arrangements with nearby plants within trucking distance.
Average Trading Volume: 2,217,054
Technical Sentiment Signal: Sell
Current Market Cap: A$11.37M
See more data about RR1 stock on TipRanks’ Stock Analysis page.